Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. who wrote (4242)	2/12/2000 11:05:00 AM
From: HW Bowman	Read Replies (1) \| Respond to of 15615

I don't mean to discount the importance of earnings. I would never consider a development stage investment where discounted future earnings were not far, far in excess of the current stock price. I meant earnings (or EBITDA or whatever) must be viewed in the context of the buildout which is substantially less than 50% complete. That they have generated the revenues they have is remarkable. They are well ahead of plan. That story is more important than looking for positive numbers at this stage of the game in connection with the upcoming earnings announcement. You are absolutely right about the discrepancy in positive/negative earnings, depands where you look. Perhaps this is representative of the looseness of the definition of 'earnings' these days across the entire market, no doubt to the consternation of the FASB. Exclude 'one time events', 'costs associated with acquisitions', etc., you can probably come up with a wide range of 'earnings'. Realistically, I don't think these guys could possibly have hard core earnings for at least a couple more years. But then earnings curve will be literally exponential, but that's just my opinion. Regards,